In brief
- The Treasury has recommended a “hold law” allowing platforms to pause suspicious crypto transfers during investigations.
- The proposal appears in a GENIUS Act report on tools to counter illicit finance involving digital assets.
- The idea could help law enforcement react faster, though legal and transparency questions remain, Decrypt was told.
The U.S. Treasury is urging Congress to consider creating a digital asset-specific “hold law” that would allow crypto platforms to temporarily freeze funds linked to suspected illegal activity.
The recommendation has appeared in a Treasury report to Congress on technologies used to counter illicit finance involving digital assets, produced under the Guiding and Establishing National…
